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WASHINGTON -- A House committee has approved a funding bill for research into ways to cut electronics waste and mitigate its environmental impact.

The Science and Technology committee bill proposes spending $60 million from fiscal 2010 to fiscal 2012 for EPA grants to increase electronics waste collection and recycling rates. The bill would also fund research on separating hazardous materials from e-waste and designing longer-lifespan devices.

While the funds would go to the EPA, it is unclear how the monies would be further dispersed. However, about $15 million would go to the National Science Foundation to fund e-waste curricula at universities.

The bill is backed by companies like Best Buy, which currently takes back certain electronics such as PCs, and various lobbying groups such as the Electronics TakeBack Coalition.

BEIJING – According to the National Bureau of Statistics (NBS), profits of China's major industrial enterprises contracted 37.3% year-over-year during the first two months of 2009.

Profits of companies with an annual income exceeding 5 million yuan ($0.74 million) fell 37.3% to 219.1 billion yuan ($32.33 billion), the NBS said.

The electronic and telecommunications equipment manufacturing sector reported the biggest drop among all 39 sectors, at 96.3%.

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